01
Feb
11:11
Baowu to take over Kunming Steel Holdings
China Baowu continues to accelerate the pace of mergers in 2021 to expand its steel production capacity. After news broke last week of Baowu's planned acquisition of Shangang after the Spring Festival, Baowu’s next target has been announced – Kunming Steel Holdings, Kallanish notes.
Kunming Steel Holdings' listed holding company Yunmei Energy publicly stated on Monday that the Yunnan Provincial Government will transfer 90% o…
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Anonymous
Very good overview of the weekly steel market.
Anonymous